It has been just over six months since the off-payroll legislation took effect in the private sector. According to a recent survey commissioned by IR35 Shield it has had a significant and damaging impact on contractors and firms that rely on their talent.
Unsurprisingly the focus on coping with the pandemic resulted in many firms being unprepared to challenge the legislative complexity and preferring to steer clear of the unknown. As a result many risk-averse companies banned the use of limited company contractors much to their detriment. But matters are improving.
Survey findings
The survey of 3 750 contractors sought to understand firms’ behaviour leading up to April 2021 and how the market has reshaped itself. The results indicate that while firms were attempting to recover from the pressure of the pandemic the new legislation created an additional and unwanted hurdle.
Despite consultations...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.